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"The key thing for Canadian businesses to recognize is that we still have the most resilient financial system in the world."
- Bank of Canada Governor (based on Global News)
Pair's Outlook
It seems that pairs bullish momentum, which came in to play last week, is still in force as pair seems to be aiming at 1.0300 area. Although technical indicators do not give much conclusive readings, market sentiment dynamics suggest that pair should succeed in this endeavour, but minor bearish corrections, similar to the recent one should be expected as well.
Traders' Sentiment
Bulls dominate in the market as 73% of traders expect rally of the pair. It is likely that bulls will continue such domination as 67% of pending orders are to go long on the pair as well.
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